Annual General Meeting            2012         Anders Strålman          President and CEO1
The best result ever……despite a generally weak market • Operating profit: SEK 1,250 m   (1,209) +3.4% • Operating margin: ...
Hemköp – Strengthened result• Operating profit: SEK 94 m (45)• Operating margin: 2.0% (0.9)• Net sales: SEK 4,787 m  (4,97...
Hemköp grows in Stockholm43 new franchise stores• Agreement with independent  Vi-stores• Strengthens the Hemköp brand,  fo...
Financing of franchise stores• Renewed mandate of 10 stores within  Hemköp according to decision from the  AGM 2011• 91/9-...
Willys – Stable development and good earnings• Operating profit: SEK 775 m (772) +0.4%• Operating margin: 4.1% (4.1)• Net ...
High pace in establishments and store renewals                11 new stores and 46 modernisations           •   Åkersberga...
PrisXtra full year 2011• Strengthened result    – Operating profit: SEK 15 m (-5)• Unsatisfying sales development    – Net...
Axfood Närlivs – Growing market shares• Good sales developmet in all areas    – Net sales: SEK 6,365 m (5,847) + 8.9%    –...
Axfood Närlivs – Wholesaling                                                 80 stores       300 stores                   ...
Dagab – Continues improved efficiency• Operating profit: SEK 192 m (189),  +1.6%     – Operating margin: 0.7% (0.7)• Net s...
Sustainable development• Lower energy consumption• Improved waste sorting• Lower carbon emissions from  transports• Climat...
Increased private label share• Highest private label share so far:  24.2%     – Successful conversion to Group-wide       ...
Dividend• Shareholder dividend of at least 50% of  profit for the year after tax• Equity ratio of at least 25%• The board ...
Market outlook 2012• Uncertain market development  – Consumption is slowing• Food price inflation at low levels• New salar...
Strategy for profitable growth 2012• Stimulate sales growth     – Well operated stores• Committed employees• Cost control ...
Axfood’s goal for 2012        Achieve an     operating profit     in line with 201117
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Axfood Annual General Meeting 2012

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Axfood Annual General Meeting 2012

  1. 1. Annual General Meeting 2012 Anders Strålman President and CEO1
  2. 2. The best result ever……despite a generally weak market • Operating profit: SEK 1,250 m (1,209) +3.4% • Operating margin: 3.6% (3.5) 1,250 • Stable sales development: +3.4% SEK 34,795 m (34,260) +1.6% • Ambitious pace of investment: SEK 993 m (862) – High pace in store establishments and modernisations – Continued implementation of a new business system 2
  3. 3. Hemköp – Strengthened result• Operating profit: SEK 94 m (45)• Operating margin: 2.0% (0.9)• Net sales: SEK 4,787 m (4,978), -3.9% – Like-for-like sales: +0.4%• Target 2012: 3% operating margin Operating margin 2.0%3
  4. 4. Hemköp grows in Stockholm43 new franchise stores• Agreement with independent Vi-stores• Strengthens the Hemköp brand, foremost in Stockholm4
  5. 5. Financing of franchise stores• Renewed mandate of 10 stores within Hemköp according to decision from the AGM 2011• 91/9-model for a maximum of 5 years and then 1/99-model• Market value sales• The model enables franchise operation – Development and career opportunities for employees within Axfood – Also attracts external grocers and store managers outside of Axfood5
  6. 6. Willys – Stable development and good earnings• Operating profit: SEK 775 m (772) +0.4%• Operating margin: 4.1% (4.1)• Net sales: SEK 18,904 m (18,613), +1.6%• Like-for-like sales affected by: – Weak growth for stores that are still not modernized – Increased competition, both internal and external6
  7. 7. High pace in establishments and store renewals 11 new stores and 46 modernisations • Åkersberga • Söderköping • Nacka Forum (ny) • Utlandagatan • Gamlestaden • Eslöv (ny • Söderhamn (ny) • Lövgärdet • Västervik • Luleå • Örebro Vivalla • Laholm • Mora • Sundbyberg (ny) • Dal Ed • Sten Sturegatan • Orminge (ny) • Häggvik • Friskv.torget • Saltsjöbaden (ny) • Kungsbacka • Visby • Kaverös • Helsingborg • Norrtälje • Kristianstad • Täby • Opaltorget • Halmstad Öster (ny) • Mjölby (ny) • Björkekärr • Skara • Örebro Västhaga • Gislaved (ny) • Torslanda • Örebro city • Karlshamn (ny) • Bro • Jönköping • Säter • Limhamn • Åtvidaberg • Uppsala Gottsunda • Tumba • Jönköping Österängen7
  8. 8. PrisXtra full year 2011• Strengthened result – Operating profit: SEK 15 m (-5)• Unsatisfying sales development – Net sales: SEK 549 m (637), -13.8% – Future strategic locations• Integrated organisation with Hemköp8
  9. 9. Axfood Närlivs – Growing market shares• Good sales developmet in all areas – Net sales: SEK 6,365 m (5,847) + 8.9% – Operating profit: SEK 110 m (113) – Good service level: 97.7%• Renewed agreement with OKQ8 and Preem and new agreement with Svenska Statoil• Signed an agreement to acquire 50% of Hall Miba – Provides care products to service stations and retailers9
  10. 10. Axfood Närlivs – Wholesaling 80 stores 300 stores 300 stores 100 stores120 stores 400 stores 70 stores 300 stores 420 stores 120 stores 250 stores10
  11. 11. Dagab – Continues improved efficiency• Operating profit: SEK 192 m (189), +1.6% – Operating margin: 0.7% (0.7)• Net sales: SEK 25,813 m (25,701), +0.4%• Good service level: 97.1%• Ambitious sustainability programme – Fuel partly based on environment friendly pine oil11
  12. 12. Sustainable development• Lower energy consumption• Improved waste sorting• Lower carbon emissions from transports• Climate compensation• More than SEK 4 m for Save the Children• Increased employee trainings12
  13. 13. Increased private label share• Highest private label share so far: 24.2% – Successful conversion to Group-wide label, Garant• Target 2012: 25% private label share13
  14. 14. Dividend• Shareholder dividend of at least 50% of profit for the year after tax• Equity ratio of at least 25%• The board proposes a dividend of SEK12 per share (12) 71% dividend of profit after tax14
  15. 15. Market outlook 2012• Uncertain market development – Consumption is slowing• Food price inflation at low levels• New salary agreements ahead with uncertain outcome• Continued tough competition• Price conscious customers15
  16. 16. Strategy for profitable growth 2012• Stimulate sales growth – Well operated stores• Committed employees• Cost control and efficiency• Increased private label share• Ambitious pace of investment – SEK 900 – 1,000 m – Continued high pace in store establishments and renewals – Implementation of a new business system continues16
  17. 17. Axfood’s goal for 2012 Achieve an operating profit in line with 201117

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